Harvey Norman enjoys sales rise despite difficult six months for high street
Published 15/02/2011 | 08:00
Furniture and electronic goods retailer Harvey Norman has managed to grow sales locally despite the difficult economic conditions.
Like-for-like sales in Northern Ireland jumped by 4.2% in the last six months of 2010 while sales in the Republic climbed 2.6%.
Blaine Callard, chief executive of operations in Ireland, said consumer confidence was hit hard during the last half of the year.
"During this period we had the European bailout, a full account of the Irish banking losses, and another tough budget," he said. "On top of all that, severe weather dampened consumer spending in December."
On a global basis, sales for the group rose 1.3% to A$3.31bn (£2bn) but fell 3.1% on a like-for-like basis.
The company said furniture and bedding franchisees continue to grow revenue and market share despite the industry experiencing a slowdown in line with the weakened housing market.